Business
American Pacific Announces Execution of Arrangement Agreement to Sell the Tuscarora District to ICG Silver & Gold Ltd.
Total consideration upon satisfaction of closing conditions will be approximately $4 million in ICG equityUp to US$5 million in additional payments subject to certain milestones being achieved American Pacific to receive 11,500,000 Consideration Shares, with 7,500,000 distributed to APM shareholders on a pro rata basisICG led by an experienced, Western-USA specialist group of exploration geologists and capital market professionalsVancouver, British Columbia--(Newsfile Corp. - December 8, 2025) -
About this update from American Pacific Mining Corp.
[{"type":"list","items":[{"val":[{"type":"text","content":"Total consideration upon satisfaction of closing conditions will be approximately $4 million in ICG equity","length":106,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Up to US$5 million in additional payments subject to certain milestones being achieved ","length":86,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"American Pacific to receive 11,500,000 Consideration Shares, with 7,500,000 distributed to APM shareholders on a pro rata basis","length":127,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"ICG led by an experienced, Western-USA specialist group of exploration geologists and capital market professionals","length":114,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":433,"olType":false},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - American Pacific Mining Corp (CSE: USGD) (FSE: 1QC1) (OTCQX: USGDF) ("APM" or the "Company") is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with ICG Silver & Gold Ltd. ("ICG") where ICG will acquire 100% of the Tuscarora and Danny Boy projects from APM (the "Projects", and collectively, the "Tuscarora District"). Under the terms of the Arrangement Agreement, the Company will: (i) sell all of the issued and outstanding shares (each, a "CGI Share") of Clearview Gold Inc. ("CGI") and all of the issued and outstanding shares (each, a "APMUS Share" and, together with the CGI Shares, the "Purchased Shares") in exchange for an aggregate of 11,500,000 common shares in the capital of ICG (each, a "Consideration Share") and certain contingent payments; and (ii) distribute, on a pro rata basis, 7,500,000 of the Consideration Shares (the "Distributed Shares") to holders of common shares (each, a "Company Share") in the capital of the Company (the "Company Shareholders"), all pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the "Transaction"). Following closing of the Transaction, it is expected that CGI and APMUS will operate as wholly-owned subsidiaries of ICG, the Company Shareholders will ...